closed contract. Whose terms constitute the entire agreement between the contracting parties and no clause or provision can be changed or modified without mutual consent. An insurance contract, for example, is a closed contract whereas a construction contract may not be one. See also open contract.
The volt (symbol: V) is the derived unit for electric potential, electric potential difference (voltage), and electromotive force. The volt is named in honour of the Italian physicist Alessandro Volta (1745â1827), who invented the voltaic pile, possibly the first chemical battery.
Electricity. an electric device consisting essentially of two or more windings wound on the same core, which by electromagnetic induction transforms electric energy from one set of one or more circuits to another set of one or more circuits such that the frequency of the energy remains unchanged while the voltage and current usually change.